No they don't, you can actually obtain an FHA loan with ZERO money down. Of course there's fine print with regards to the 3.5% down payment written about in other answers. I can be reached at 801.682.LOAN of you want to discuss further!

FHA loans require 3.5% down. but can be as little as zero down. Check out www.NoDownUtah.com for zero money down options. If you are in Toquerville, you an qualify for a rural housing loan which requires zero down.

FHA has never required 20% down.. they only require 3.5% down.. For conventional, you can buy for 3% to 5% down, but if you put 20% down.. you wont have to pay mortgage insurance. The only loan product that "requires" 20% down, is an investment purchase with conventional financing... I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893